keep this website free for you. TaxTips.ca does
not research or endorse any product or service appearing in
ads on this site.
Before making a major financial decision you
should consult a qualified professional.
PST exemption for used zero-emission vehicles (ZEVs)
passenger vehicle surtax threshold for ZEVs increased to $75,000 from
hydrogen fuel is classified as a Category 1 alternative motor fuel and
is exempt from motor fuel tax if:
it is purchased for use in an internal combustion engine vehicle,
it is not produced by electrolysis using coal-generated
electricity, unless the carbon dioxide emitted is captured and
stored or captured and sequestered.
Effective Apr 1, 2022:
PST exemption for heat pumps
PST on fossil fuel combustion systems that heat or cool buildings or
water increased to 12%
Effective July 1, 2022:
businesses that are marketplace facilitators for sales or leases of
certain goods, services or software for third parties through their
online marketplace will be required to collect and remit tax on certain
BC sales and leases.
marketplace facilitators will be required to charge PST on marketplace
services they provide to sellers.
PST exemption for tobacco is removed
Effective Oct 1, 2022:
tax on private sales of motor vehicles will be based on the
greater of the reported purchase price and the average wholesale value
of the vehicle - this does not apply to a trade-in.